The Direct Public Offering (DPO) was restructured by the SEC in 2015. Any company that conducts a DPO does not become publicly traded but can subsequently register to sell on a public market (NASDAQ, NYSE) or over the counter (OTC). NextSeed, a Texas-based financial technology company, raised $5.5 million in its DPO in 2016 unde
Category: Direct Public Offering (DPO)
On December 3, 2019, the SEC approved NASDAQ’s proposal on extending direct listings. This means that companies will now be able to directly list securities on NASDAQ’s “Nasdaq Global Market” and “Nasdaq Capital Market” in addition to “Nasdaq Global Select Market”, which was already eligible for direct listing.
Spotify recently drew attention from a controversial decision to go public without an initial public offering (IPO) in April. Spotify said they wanted to go public this way, through a direct listing or direct public offering (DPO), because the company could provide equal access to both buyers and sellers, while making the entire